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A NYC startup that wants to make finding a home easier just raised $450 million at a $2.2 billion valuation

Real estate technology and brokerage Compass will receive an investment of $450 million from SoftBank's Vision Fund, the largest real estate technology investment in USA history.

The SoftBank investment brings Compass's total equity funding to a total of $775 million. "We have an opportunity to work with the world's largest investment firm and invest in our technology while achieving our goal of operating in every USA city and going global in a much shorter time period", Compass founder and CEO Ori Allon said in an interview.

Four weeks ago, Compass announced a $100 million funding round led by Fidelity Investments in a deal that valued the company at $1.8 billion.

The money will be used to expand where Compass operates.

Compass is building what it calls "the first modern real estate platform", which aims to reduce the friction and frustration associated with selling, buying or renting a property by providing real estate agents with a set of tools to increase efficiency and sales volume. "With the support of the SoftBank Vision Fund, we will be able to move quickly to execute our "Compass Everywhere" vision, partnering with top agents and their clients in every major USA city".

"Real estate is a huge asset class, but the sector has been relatively untouched by technology and remains inefficient and fragmented", Justin Wilson, a senior investment professional at SoftBank's Vision Fund, said in a statement.

Over the last 24 months, Compass grew its agent population by 500 percent. Buyers benefit from a more efficient process. We deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world. Learn more and find your place at www.compass.com and compass.com/careers.

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The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Other hedge funds and other institutional investors have also recently made changes to their positions in the company.

Shares of Marsh & McLennan Companies, Inc.(NYSE: MMC ) have seen a movement of -1.12% in the most recent session. The Prudential Financial Inc holds 879,477 shares with $50.42M value, down from 1.23 million last quarter.

The RCMP is assisting the office of the Medical Examiner in investigating the death and no criminal charges are expected. A teammate told CTV News that Burkhart attends school in the United States and was not travelling with the team.

Garland Capital Management Inc. lifted its holdings in Simon Property Group by 3.9% during the 3rd quarter. (NYSE: SPG ) is 6. It has underperformed by 35.26% the S&P500.The move comes after 6 months positive chart setup for the $58.24 billion company.

The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Nokia Corporation's Average Earnings Estimate for the current quarter is $0.1, according to consensus of 8 analysts.

Finally, a full-scale exhibit devoted to 12-time Grammy victor and Country Music Hall of Fame member Harris opens October 5, 2018. In its place, a to-be-announced exhibit is planned.

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